US stocks fell on Thursday as higher oil prices and bond yields pressured the market. West Texas Intermediate crude surged after the Trump administration signaled stronger economic measures against Iran, while 10-year and 30-year Treasury yields erased most of Wednesday’s decline. Walmart dropped nearly 10% after disappointing quarterly results, reigniting concerns about the US consumer’s health. Micron gained more than 2% driven by strength in the memory sector, following Samsung’s announcement of a shareholder return policy exceeding $72 billion and SK Hynix’s plans to buy back $29 billion in stock. CrowdStrike fell more than 4% after its CTO departed to launch an AI-focused venture fund, and Palo Alto Networks slipped over 2%, with the portfolio having already locked in substantial profits on both positions this summer.
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